Sunoco Logistics Partners LP plans to hold an open season soon for a new crude oil pipeline project that would carry production from the Permian Basin in West Texas to Gulf Coast markets.
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W&T Offshore Chief Skeptical of Shale Plays’ Payoff
Management of Houston-based W&T Offshore Inc. expects attractively priced acquisitions to start “landing in our lap,” CEO Tracy W. Krohn said last week. While the company has been looking on- and off-shore, at home and abroad, for prospects, Krohn described a strategy focused on oil and a general ambivalence toward gas shale plays.
W&T Offshore Looking for Deals, Focusing on Oil
Management of Houston-based W&T Offshore Inc. expects attractively priced acquisitions to start “landing in our lap,” CEO Tracy W. Krohn said Thursday. While the company has been looking on- and off-shore, at home and abroad, for prospects, Krohn described a strategy focused on oil and a general ambivalence toward gas shale plays.